India: Expansion Plans Sanner Plans Expansion in India After Record Year
With 59.6 million Euros annual sales in 2015, Sanner, a manufacturer of high-quality primary plastic packaging, again achieved record results.
Bensheim/Germany – The newly founded subsidiary Sanner of India, as well as significant investments in the Bensheim site will contribute to sustainable growth. Portfolio expansions and new developments further underscore the company’s international position as provider of high-quality all-in-one solutions. “2015 was a very successful and satisfying year for Sanner,” says Chairman, Sanner Management Board, Holger Frank. “Our total turnover has increased by 9.6 per cent compared to the previous year. At the same time, we were able to augment profitability by one percentage point, while increasing liquidity.” Sanner still generates the main part of its turnover in Europe, followed by China and the US. While China recorded a slight decline owing to the difficult market environment, Sanner could significantly enhance sales in the US.
India is also set for further growth, especially owing to the newly founded subsidiary Sanner of India Pvt Ltd, which was granted approval by the Indian authorities on May 7, 2016. “The establishment of our new subsidiary brings us closer to our goal of capturing relevant market shares and a substantial presence in India,” Frank underlines. The company is further establishing a local warehouse to offer customers even faster service. “In the long term, we want to develop Sanner of India to an important pillar of the Sanner group,” Frank says.